628 ARTICLE 48A.

mium specified in the policy or contract of insurance, or any special favor
or advantage in the dividends or other benefit to accrue thereon, or any
valuable consideration or inducement whatsoever not specified in the policy
or contract of insurance, issued or to be issued. No insurance agent's,
broker's or solicitor's license shall be issued to any insured or any employee
of an insured for the purpose of evading the provisions of this section.
Nor shall any corporation, association, partnership, Lloyd's, individual
underwriters, or reciprocal associations, or any officer, agent, solicitor, or
representative thereof, authorized or permitted to do an insurance business
in this State as insurer or broker, give or sell to, nor any insured or his,
her or its employee receive, hold, accept or purchase as an inducement to
insurance any of its stock, bonds or other securities, and no such insured
or his, her or its employee, shall sell to, nor any insurer or broker or any
officer, agent, solicitor, or representative thereof, receive, hold, accept or
purchase as an inducement to insurance, any stock, bonds or other securities
of any such, or any other corporation. Nothing herein contained shall
prevent any corporation, association, partnership, Lloyd's, individual
underwriters, or reciprocal association, lawfully doing an insurance busi-
ness in this State as an insurer, from the distribution, of surplus and divi-
dends to policy holders after the first year of insurance, nor prevent any
member of. an inter-insurance, or Lloyd's association, or reciprocal associa-
tion, from receiving the profit of its underwriting. Nor shall anything
herein contained prevent any licensed broker, individual, co-partnership, or
corporation, from sharing or dividing commissions earned or received by
him, them or it, with any other insurance broker or brokers, licensed by this
State, who shall have aided in respect to the insurance for the negotiation of
which such commissions shall have been earned or paid, nor shall it prevent
the agent or solicitor of any company from sharing or dividing commis-
sions earned or received by him with any other licensed agent, or solicitor,
of the same company in which such business was written or placed, who
shall have aided in respect to the insurance on which such commission
shall have been earned or paid.

Nothing contained herein shall be held to prevent the coverage of risks
by temporary binders, or temporary contracts of insurance, or such other
memoranda as to not conflict with the laws of this State or the foregoing
provisions of this section, provided that when the insurance effective there-
under remains in force for fifteen days or more the premium applicable
to the risk insured under such temporary binders, contracts or memoranda
is paid for the full time during which such insurance shall have been in
force by virtue of such binders, temporary contracts, or insurance or other
memoranda, and any violation of this provision shall constitute a rebate.
Nothing herein contained shall prohibit any such Corporation, association,
partnership, Lloyd's, individual underwriters, or reciprocal association,
or any officer, agent, solicitor or representative thereof or any insurance
broker, from distributing or presenting to any person, or corporation arti-
cles intended for and used for advertising media.